PROG (NYSE:PRG) Insider Michael Todd King Sells 1,070 Shares of Stock

PROG Holdings, Inc (NYSE:PRG) insider Michael Todd King sold 1,070 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total transaction of $49,220.00. Following the completion of the transaction, the insider owned 60,825 shares of the company’s stock, valued at approximately $2,797,950. The trade was a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Michael Todd King also recently made the following trade(s):

• On Tuesday, August 4th, Michael Todd King sold 930 shares of PROG stock. The shares were sold at an average price of $46.00, for a total transaction of $42,780.00.

PROG Trading Down 5.3%

NYSE:PRG opened at $43.42 on Friday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 11.99 and a beta of 1.79. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.03 and a quick ratio of 2.29. PROG Holdings, Inc has a one year low of $25.80 and a one year high of $47.73. The company’s 50-day simple moving average is $41.94 and its 200 day simple moving average is $35.84.

PROG (NYSE:PRG) last announced its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.24. PROG had a net margin of 5.57% and a return on equity of 21.88%. The business had revenue of $719.72 million during the quarter, compared to the consensus estimate of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, analysts forecast that PROG Holdings, Inc will post 4.95 EPS for the current fiscal year.

PROG Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PROG’s payout ratio is presently 15.47%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PRG. Weiss Ratings upgraded PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. TD Cowen raised their price objective on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Jefferies Financial Group upgraded shares of PROG from a “hold” rating to a “buy” rating and increased their price target for the company from $33.00 to $60.00 in a report on Wednesday, July 8th. B. Riley Financial boosted their price objective on shares of PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Wall Street Zen upgraded PROG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $49.44.

Hedge Funds Weigh In On PROG

Several institutional investors have recently made changes to their positions in the business. Quarry LP boosted its holdings in shares of PROG by 82.8% in the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock worth $33,000 after buying an additional 506 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in PROG during the first quarter valued at approximately $38,000. Federation des caisses Desjardins du Quebec purchased a new stake in PROG during the fourth quarter valued at approximately $44,000. WealthCollab LLC raised its position in PROG by 61.9% in the second quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock worth $61,000 after acquiring an additional 800 shares during the period. Finally, Strs Ohio bought a new position in PROG in the first quarter worth approximately $129,000. Institutional investors own 97.92% of the company’s stock.

Key Headlines Impacting PROG

Here are the key news stories impacting PROG this week:

• Positive Sentiment: PROG Holdings declared a quarterly cash dividend of $0.14 per share, payable September 3, 2026, to shareholders of record on August 18. The dividend implies an annualized payout of approximately $0.56 per share and a yield of about 1.2%, providing continued income support for investors. PROG Holdings, Inc. Declares Dividend
• Neutral Sentiment: The dividend’s ex-dividend date is August 18. Investors purchasing shares on or after that date will not receive the upcoming distribution, which may contribute to short-term trading volatility but does not affect the company’s operating outlook. PROG Holdings Declares Quarterly Cash Dividend to Shareholders
• Negative Sentiment: PROG Holdings insiders disclosed sales totaling 4,000 shares worth approximately $183,060. Chief Accounting Officer George M. Sewell sold 2,000 shares, reducing his direct holdings by 6.58%, while insider Michael Todd King sold 2,000 shares across August 4–5, reducing his position by a combined 3.21%. Both executives continue to hold substantial stakes, so the transactions appear relatively modest and may reflect personal portfolio decisions rather than a fundamental warning. PROG Holdings SEC Insider Filing

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.